34.—(1) A charity trustee (“T”) of a CIO must not accept a benefit from a third party conferred by reason of—
(a)T being a charity trustee; or
(b)T doing (or not doing) anything as a charity trustee.
(2) Benefits received by T from a person by whom T’s services (as charity trustee or otherwise) are provided to the CIO are not regarded as conferred by a third party.
(3) This duty is not infringed if the acceptance of the benefit cannot reasonably be regarded as likely to give rise to a conflict of interest.
(4) In this regulation “third party” means a person other than the CIO, an associated body corporate, or a person acting on behalf of the CIO or an associated body corporate.